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You also need to know the source of the data you want on the report, the date range of the data you want to display, and the name of the performance model with which the data is stored.
About Performance Queries
This section provides an overview of how to perform a performance query, use the Query Tool wizard to create a new query report profile, and work with query results.
Navigating to the Performance Query Tool
To navigate to the Performance Query Tool:
- From the Performance Center window, click Performance Desk.
- In the left navigation pane, click Query Tool.
You see the Performance Query Tool workspace.
Profile details, report parameters, and operations that are defined appear when a specific query is highlighted. Only the report parameters that you have access to are shown.
About the Query Tool Wizard
The Query Tool wizard is used only by the administrator to create a new query report profile and edit report parameters. Users of the query report profile do not have access without appropriate privileges. For detailed instructions on using the Query Tool Wizard, see “Creating a New Query Report Profile.”
Once you access the Query Tool wizard, you select the query report view for the query result set and define report parameters such as fields, source rule, frequency, and performance model for the data to be retrieved by the query.
Next, you grant specific users and business groups access to the query report profile. The Query Tool wizard allows you to further define who, among specific users or groups with access to the query report profile, has permission to view and edit particular report parameters (for example, fields, source rule, and performance model). These changes do not affect everyone with access to the query report profile.
Finally, you define the statistical operations each user can execute with the data once it is returned.
Creating the query report profile is a one-time action. The administrator can edit the report parameters after the query report profile is created, but changes made by an individual user only affect that user’s query and results.
The example in the following figure was created from a simple query that returned these results.
Selecting a Query Report
Once the queries are created, you select one from the list of available queries in the workspace and submit it to the PACE Server.
Extracting Performance Data
One or more time series of returns, market values, and other statistics can be extracted from the Performance database and displayed. If fund and benchmark returns are stored in different models, the default dictionary functionality can retrieve the benchmark returns from a different model. Various options, such as export to Excel, are available using a right‑click to display the shortcut menu from the results window. An example of Single-Period Fund and Benchmark Returns Over Time results is shown in the following figure.
Query Tool engine message notifies you if a failed query is due to expected files missing from the system. This message appears at the lowest logging level.
Rolling Statistical Operations
You can perform operations on the time series data to determine the geometric or arithmetic average, standard deviation, and other statistics about the series at intervals throughout time. The operations can be defined when the query is first set up or added later if you have sufficient privileges. For example, the following image displays a rolling series of quarterly fund and index returns.
Deriving Time Series Data
With the Query Tool, you can derive a time series of data. For example, you can derive the series of differences (excess returns) between the quarterly fund and benchmark returns as shown in the image below.
